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Outward foreign direct investment by Polish state-owned multinational enterprises: is ‘stateness’ an asset or a burden?

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  • Marta Götz
  • Barbara Jankowska

Abstract

State-owned enterprises (SOEs) are commonly associated with undue advantages due to preferential treatment by the state. Simultaneously they are often quoted as handicapped given the notorious state interference, management problems and agency tensions. They used to be regarded as a mainly domestic issue but in the context of globalisation and the fact that states enter treaties with new obligations, SOEs’ performance ceased to be solely a domestic problem, increasingly so as state-owned multinational enterprises (SOMNEs) emerge. This article presents the results of research on Polish SOEs’ outward foreign direct investment (OFDI). It offers an overview of overseas activities of nine major Polish firms with a state stake and aims to contribute to the conceptual literature on foreign investments conducted by SOMNEs. We distinguish between FDI by SOMNEs as specific – privileged (facilitated) or discriminated (hampered) – investments subject to the home country’s state power and the host country’s state perception.

Suggested Citation

  • Marta Götz & Barbara Jankowska, 2018. "Outward foreign direct investment by Polish state-owned multinational enterprises: is ‘stateness’ an asset or a burden?," Post-Communist Economies, Taylor & Francis Journals, vol. 30(2), pages 216-237, March.
    • Handle: RePEc:taf:pocoec:v:30:y:2018:i:2:p:216-237
    DOI: 10.1080/14631377.2017.1361695
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    References listed on IDEAS

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    1. Hans Christiansen & Yunhee Kim, 2014. "State-Invested Enterprises in the Global Marketplace: Implications for a Level Playing Field," OECD Corporate Governance Working Papers 14, OECD Publishing.
    2. Dani Rodrik, 2007. "Introductiion to One Economics, Many Recipes: Globalization, Institutions, and Economic Growth," Introductory Chapters, in: One Economics, Many Recipes: Globalization, Institutions, and Economic Growth, Princeton University Press.
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    Cited by:

    1. Ipsmiller, Edith & Dikova, Desislava, 2021. "Internationalization from Central and Eastern Europe: A systematic literature review," Journal of International Management, Elsevier, vol. 27(4).

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